Annuity Basics

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Introduction
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iXrayAnnuities

• History of the Modern Life Insurance Annuity

As a tool for investment and financial security,
the life insurance annuity has been around for
quite a long time. Annuities first started the
ancient Roman Empire. They were a way for Roman
citizens to receive a yearly payment for their
lifetimes or for several years in exchange for a
large upfront payment. Early roman annuities were
often given to Roman legionnaires as payment
for years of faithful military service. (1) As
time passed, the modern life insurance annuity beg
an to take shape. In medieval times, lifetime
annuities bought with a single initial premium
became  popular among nobles for funding the
constant warfare that was a fact of life then. ,
records show that one of the most popular
annuities of the medieval era was called the
tontine.  (2) In this annuity the participants
purchased a share in an annuity pool, and then,
in turn, received a lifetime annuity. The
payments were divided among surviving
participants of the initial annuity pool. Thus,
as time passed, each participant would receive a
larger payment. As the participants died off,
ever increasing payments would be made to them.
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The payments were divided among surviving
participants of the initial annuity pool. Thus,
as time passed, each participant would receive a
larger payment. As the participants died off,
ever increasing payments would be made to them.
The sole remaining survivor would reap
the  benefits of the remaining annuity principal.
One of the oldest and longest lasting tontines
was the annuity called the State Tontine of 1693.
It was started in the United Kingdom as a way to
pay for its many wars with France. The modern
financial system started to develop. Dr. James
Dodson of England formed the Equitable Life
Assurance Society of London in 1756. This was one
of the first companies formed to offer a
modern form of life insurance annuity. (3) Dodson
founded this company and the annuity that it
offered to provide a form of insurance to
persons of all ages. The Equitable Life Assurance
Society issued policies based on the assurance of
fixed sums on the surviving  policyholders benefi
ciaries lives. The company issued policies for
any term for which the policyholders wanted
to purchase the life insurance annuity. Premiums
of thisannuity were governed by the age,
lifestyle, and health of the policyholders seeking
to enter into the annuity. These basic rules
laid down the foundation of a distinguished modern
life insurance annuity company that still
exists today.
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Sources
(1) Annuity.com (2) The Annuity Museum (3) The
Early History of the Annuity by Edwin W.
Kopf Calrima Financial Insurance
Agency Request a quote IRA research 
http//www.irajedi.com Edwin W. Kopf, The Early
History of the Annuity, Casualty Actuarial
Societyhttp//www.casact.org/pubs/proceed/proceed
26/26225.pdf The Glorious History of
Annuities, Annuity.comhttp//www.annuity.com/ann
uities/glorious-history-annuities History of
Annuities, Annuity Museumhttp//www.immediateann
uities.com/annuitymuseum/historyofannuities/ Hist
ory of Annuities, Save Wealth Financialhttp//ww
w.savewealth.com/retirement/annuities/history/
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Fixed Annuity
A fixed annuity is a deferred annuity or tax
deferred annuity. It works similarly to a
certificate of deposit (CD) that you could get at
a bank.  There are however key distinctions that
need to be addressed.  Here you may get a set
rate of return for the deferral perios. You may
get a higher rate the first year and lower rates
in following years.  Fixed annuities have one
major advantage over CDs tax deferred growth.  
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Fixed Index or Hybrid Annuity
Would you like an annuity that tracks the
performance of the stock market? Would you like
an annuity that also helps to protect your
principal when the market declines? The fixed
index or hybrid annuity could help you to cover
both of these objectives.  This annuity has been
called an equity indexed annuity, fixed
index annuity, and a hybrid annuity.
The hybrid annuity can offer Some market risk
protection Tax deferral A minimum interest
rate guarantee Probate avoidance And
guaranteed minimum income payments for life.
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Fixed Index or Hybrid Annuity Riders
Many insurance companies have riders for their
index annuity products. Some are better than
others. Each needs to be evaluated for
appropriateness and if this is a fit for you
(each client).
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Maximize Annuity Income
How would you like to maximize annuity income? 
The goal here is to help Maximize Annuity Income
Already have an annuity?
If you already have an annuity we can help you
understand what you have.  What are the features?
How would the features benefit you?
Annuities how can one increase the output?
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Annuity Basics
ANNUITY BASICS educates you so you can make
informed decisionx. Generally, an annuity is tax
deferred.  The money in an annuity grows tax
deferred like a retirement account.  As with an
IRA, (Individual
Retirement Arrangement as named per IRS
document 590) the money in an annuity is ear-mark
ed for use after age 59 ½. As such, annuities are
not to be used without careful consideration. 
Points to consider are What are the surrender
charges? How long you must I hold the annuity 
to get full value or principal back? How
will my annuity earn credits or interest? All
of these points are covered on this web site. 
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Contact us
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yard Towers 1999 S. Bascom Ave, 700 Campbell,
CA 95008
Email info_at_ixrayannuities.com
You can reach us toll-free at 866-589-9366
Our mailing address is located in Downtown San
Jose123 E. San Carlos Street, 221San Jose, CA
95112